A new study has found that Medicare's recent switch to bundled payments for joint replacements is an effective way to save millions — possibly billions — annually, without affecting patient care, if it's allowed to continue. But that may not happen.
According to a report in Kaiser Health News, Donald Trump's nominee to head Health and Human Services has already made his opinion of the program known — and it's not good.
The way the new program works, Medicare basically agrees to pay a set (bundled) fee to hospitals for all care related to hip or knee replacement surgery; the bundled payment covers the period from the surgery date until 90 days later. Under the traditional system, hospitals would collect payments individually for the multiple separate components of care and rehabilitation.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
